Ekonomické zprávy

Eurozone’s construction output declines 1.3 percent in December

Eurostat, the statistical office of the European Union (EU), reported on Monday that construction output in the Eurozone plunged 2.5 percent m-o-m in December 2022 after an upwardly revised 0.1 percent m-o-m fall (from -0.8 percent m-o-m) in November. On a y-o-y basis, construction output dropped 1.3 percent in December, following an upwardly revised 1.6 percent rise in the previous month. That was the first annual decline since August 2021 (-2.3 percent y-o-y).

According to the report, the annual decline in December reflected a 1.5 percent decline in civil engineering construction output and a 1.3 percent drop in building construction.

For the year 2022, the annual average production in construction in the euro area increased by 2.3 percent y-o-y.

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